MRSS India retains credit rank MSE1 from SMERA Ratings

BSE-SME listed Majestic Research Services and Solutions Ltd (MRSS India) said it has retained credit rating of MSE1 from SMERA Ratings Ltd for a second consecutive year, indicating uppermost credit worthiness based on financial strength and operating performance.

In a highly fragmented and competitive market research segment, MRSS India, a digital insight firm, reported an annual revenue growth of over 102 per cent and net profit growth of 256 per cent for 2015-16.

MRSS India has retained credit rating of MSE1 from SMERA Ratings Ltd for a second consecutive year.

The company has shown significant improvement in its financial ratios and on increase in its reputed client base that includes Volkswagen, Zee Entertainment, Godrej and Boyce, among others, a SMERA note said here.

The company has lined up projects with Knight Frank, UC webs, Faering Capital, Google, Airtel, Apeejay, Tata Chemical, Tata Motors, PWC, Unido, Madhya Pradesh tourism, Indraprastha and plans to grow its operations through merger and acquisition route, it added.

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